Revel “Burning Through Cash At Alarming Rate”: What Would Gov. Springsteen Do?
The disaster that is Revel keeps getting disaster-ier. The brand-new Atlantic City casino—it just opened in May—is “burning through cash at an alarming rate,” New Jersey Senate President Stephen Sweeney said in a letter to the state’s Division of Gaming Enforcement. The casino has already spent a $100 million line of credit offered by the state, while failing to pay its property tax bill. “The consequences of the casino’s collapse could have severe consequences for the region and the taxpayers, especially in light of the impact of Hurricane Sandy,” Sweeney wrote. Other than that, however, everything must be fine in New Jersey, because Public Policy Polling is asking voters who would win an election matchup between Gov. Chris Christie and … Bruce Springsteen. (The answer: Christie, by a surprisingly large margin.) Gov. Bruuuuuuuuuuce! could surely save the Revel, too. [Press of Atlantic City]